|Next steps include adopting black hangers, piloting electric
vehicle charging stations, joining Recyclebank, and continuing solar
power and LED light bulb programs|
CINCINNATI, Apr 21, 2011 (BUSINESS WIRE) --
Macy's, Inc. (NYSE:M) today announced a series of new steps in its
ongoing drive to operate more sustainably and to make a meaningful
difference in improving the environment.
"Our company has embraced the principles of sustainability, and we
continue to take actions that are tangible, measurable and meaningful in
reducing our use of scarce resources and improving the efficiency of our
business in serving customer needs," said Tom Cole, Macy's chief
administrative officer. "We have made significant progress over the past
several years, and we continue to move forward with new ideas in 2011
In fall 2011, Macy's will begin using environmentally friendly matte
black hangers for most apparel merchandise sold in its stores,
replacing clear hangers that have been the industry standard for
Macy's uses nearly 300 million hangers
each year in its stores. The new black hangers can be manufactured
using recycled plastic materials, saving on the new petroleum-based
resins used to make clear hangers. Macy's will be asking its apparel
vendors to begin shipping merchandise to Macy's on black hangers in
fall 2011, with the transition expected to be complete in spring 2012.
Macy's is migrating to black hangers in conjunction with the Voluntary
Industry Commerce Solutions (VICS) Association, an industry group in
which it plays a leadership role.
Macy's, in partnership with ECOtality, is expected to become the first
major department store to pilot the use of self-serve electric vehicle
(EV) charging stations, through The EV Project. The company plans to
install two electric vehicle charging stations this fall outside each
of six Macy's stores in the San Diego metropolitan area (locations are
being identified). The charging stations will provide an added
convenience to EV drivers and help promote the reduction of fuel
consumption and the transition to clean, renewable energy.
Macy's has become a Recyclebank Rewards Partner, allowing customers
across America to earn special discounts at Macy's when they increase
household recycling, reduce household energy usage and practice green
lifestyles. Recyclebank helps create a more sustainable future by
rewarding people for taking everyday green actions with discounts and
deals from local and national businesses such as Macy's. Customers can
register for the program at www.Recyclebank.com.
The company has launched a second phase of its industry-leading
program to install energy-saving LED light bulbs in stores nationwide.
In 2011, the company plans to install about 280,000 LED bulbs in about
200 Macy's stores. This is in addition to more than 130,000 bulbs
installed in 95 Macy's stores in 2010, cutting energy consumption by
up to 73 percent.
By the end of 2011, Macy's will have eliminated the use of all foam
packaging (cups, bowls, plates and to-go containers) at its in-store
restaurants nationwide. Foam has been replaced by paper or plastic
containers that are made from renewable resources and/or are
recyclable. The company used more than 2.7 million foam containers as
recently as 2009. That number was reduced by about 50 percent in 2010
and will be further reduced to zero by the end of 2011. In addition,
the company will be using only napkins made from 40% post-consumer
recycled paper that is unbleached. Currently, Macy's uses more than 4
million napkins a year.
Macy's continues to increase the number of solar power systems hosted
on its stores and facilities. In May, the company will dedicate a new
3.5-megawatt, high-efficiency solar power system on the roof of its
online fulfillment center in Goodyear, AZ. Developed in partnership
with SunPower, it will be one of the largest rooftop solar power
systems in the United States. By year-end, the company is planning to
add new solar power systems to the roofs of nine additional Macy's
stores, as well as to the roof of a distribution center. The company
expects to end 2011 with 49 solar power systems hosted on the roofs of
its stores, fulfillment and distribution centers.
Macy's and Bloomingdale's continue to encourage credit account
customers to receive their monthly billing statements online rather
than by mail. At the end of March 2011, more than 4.1 million customer
accounts are receiving billing statements online, an increase of 23
percent from a year earlier. This has reduced paper use by 520,000
Macy's, Inc.'s sustainability principles, goals and progress are
detailed online at www.macysinc.com/sustainability.
Macy's, Inc., with corporate offices in Cincinnati and New York, is one
of the nation's premier retailers, with fiscal 2010 sales of $25
billion. The company operates about 850 department stores in 45 states,
the District of Columbia, Guam and Puerto Rico under the names of Macy's
and Bloomingdale's, as well as the macys.com and bloomingdales.com
websites. The company also operates four Bloomingdale's Outlet stores.
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are
based upon the current beliefs and expectations of Macy's management and
are subject to significant risks and uncertainties. Actual results could
differ materially from those expressed in or implied by the
forward-looking statements contained in this release because of a
variety of factors, including conditions to, or changes in the timing
of, proposed transactions, prevailing interest rates, changes in
expected synergies, cost savings and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
manufacturers' outlets, off-price and discount stores, new and
established forms of home shopping (including the Internet, mail-order
catalogs and television) and general consumer spending levels, including
the impact of the availability and level of consumer debt, the effect of
weather and other factors identified in documents filed by the company
with the Securities and Exchange Commission.
(NOTE: Additional information on Macy's, Inc., including past news
releases, is available at www.macysinc.com/pressroom).
SOURCE: Macy's, Inc.
Media - Jim Sluzewski, 513-579-7764
Investor - Susan Robinson, 513-579-7780